Liquidating assets definition

I'm sorry I never made it to your party, after I went to taco bell my assets were liquidating all night.Someone at school put ex-lax in Chad's drink, leaving him with liquidating assets during biology, forcing an evacuation of the class because of his runny asshole.Liquidation can occur regardless of the nature of the asset or the identity of the buyer.

Liquidation can be applied to both of these classes, and sold.

When a huge retailer has to close all of its stores, it liquidates everything, meaning the inventory and even the shelves and display cases are sold to bargain-hunters, to raise money for the company to pay its debts.

Liquidate comes from the Latin liquidare, meaning “to melt,” or “to clarify.” A recipe might ask you to liquefy the butter, not liquidate it, because liquidate has to do with assets.

You should speak with an attorney or certified public accountant that specializes in business closures.

While the process of closing a business is very difficult for many reasons, it is important to make sure you get the best value for your assets, pay your employees, satisfy your creditors, and comply with state and federal laws.